- Dollar To Naira Rate Today, April 9, 2026 – Naira Strengthens Across Markets
- Official rate improved to N1,369, gaining N20 against dollar.
- Gap widened to N23 despite gains across both markets.
The Nigerian currency recorded a strong performance on Wednesday, April 9, 2026, as the naira appreciated across both the parallel and official foreign exchange markets.
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EKO HOT BLOG reports that at the parallel market, the naira strengthened to N1,392 per dollar, improving from N1,396 per dollar recorded on Tuesday. The gain reflects increased dollar supply and improved demand conditions in the informal market.
At the official window, the naira also appreciated significantly to N1,369 per dollar in the Nigerian Foreign Exchange Market. According to data from the Central Bank of Nigeria, the indicative exchange rate dropped from N1,389 per dollar on Tuesday, showing a N20 appreciation for the local currency.
| Market Type | Exchange Rate (₦/USD) | Previous Rate (₦/USD) | Change |
|---|---|---|---|
| Parallel Market | 1,392 | 1,396 | Naira appreciated by N4 |
| Official Market (NFEM) | 1,369 | 1,389 | Naira appreciated by N20 |
Despite the gains recorded in both segments, the gap between the parallel and official markets widened to N23 per dollar, compared to N5 recorded on Tuesday. This indicates a divergence in market dynamics despite the overall appreciation of the naira.
Market analysts say sustained stability will depend on consistent forex supply and policy direction from monetary authorities in the coming weeks.
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